Since almost every recent overnight session has
led to a S&P 500 futures freeze after hitting their limit up or down
bands, here are tonight’s limits – which can be tricky to calculate due
to different closing times for cash markets and futures markets.
According to the CME, front-month S&P 500 futures’ closing reference price is 2,375.50.
On that basis, futures can’t trade below 2,238 and
can’t trade above 2,477 until the cash markets open tomorrow. Each band
is 5% from today’s close.
2,238 would be below today’s intraday low of
2,262, whereas 2,477 would be just around where futures opened yesterday
evening – which seems like a lifetime ago.
As of now, S&P 500 futures are down 1.4% from their close.
https://seekingalpha.com/news/3553187-are-tonights-limit-up-and-down-trading-bands
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